- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
| EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | 0.05 | -96.69 | 102.19 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | -85.71 | 0 | 0.00 | 0 | 0 | 43.75 | -6.99 | 0.02 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 48.39 | 465.3 | 692.29 |
| 24Q2 (19) | 1.51 | 43.81 | -52.37 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.07 | 40.0 | -46.15 | 0.00 | 0 | 0 | 47.04 | 9.98 | 12.37 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 8.56 | -27.89 | 77.59 |
| 24Q1 (18) | 1.05 | 31.25 | -32.26 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.05 | 25.0 | -37.5 | 0.00 | 0 | 0 | 42.77 | 22.9 | 13.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 11.87 | -44.61 | 29.59 |
| 23Q4 (17) | 0.80 | 135.09 | 321.05 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.04 | 0 | 100.0 | 0.00 | 0 | 0 | 34.80 | -20.44 | 20.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 21.43 | 362.3 | -31.42 |
| 23Q3 (16) | -2.28 | -171.92 | -1012.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | -100.0 | -100.0 | 0.00 | 0 | 0 | 43.74 | 4.49 | 20.63 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | -8.17 | -269.5 | -127.38 |
| 23Q2 (15) | 3.17 | 104.52 | 308.55 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.13 | 62.5 | 360.0 | 0.00 | 0 | 0 | 41.86 | 10.92 | -19.85 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 4.82 | -47.38 | 139.83 |
| 23Q1 (14) | 1.55 | 715.79 | 520.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.08 | 300.0 | 300.0 | 0.00 | 0 | 0 | 37.74 | 30.5 | -31.68 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 9.16 | -70.69 | -70.45 |
| 22Q4 (13) | 0.19 | -24.0 | -75.0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 0.0 | -33.33 | 0.00 | 0 | 0 | 28.92 | -20.24 | -62.79 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 31.25 | 4.73 | 62.42 |
| 22Q3 (12) | 0.25 | 116.45 | 308.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | 140.0 | 100.0 | 0.00 | 0 | 0 | 36.26 | -30.58 | -46.03 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 29.84 | 346.61 | -68.38 |
| 22Q2 (11) | -1.52 | -708.0 | -193.25 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | -0.05 | -350.0 | -183.33 | 0.00 | 0 | 0 | 52.23 | -5.45 | -38.37 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | -12.10 | -139.03 | -196.03 |
| 22Q1 (10) | 0.25 | -67.11 | -54.55 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.02 | -33.33 | -33.33 | 0.00 | 0 | 0 | 55.24 | -28.92 | -17.43 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 31.00 | 61.12 | 34.2 |
| 21Q4 (9) | 0.76 | 733.33 | -24.75 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.03 | 200.0 | -40.0 | 0.00 | 0 | 0 | 77.72 | 15.67 | 23.99 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 19.24 | -79.61 | 31.51 |
| 21Q3 (8) | -0.12 | -107.36 | -128.57 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.01 | -83.33 | -66.67 | 0.00 | 0 | 0 | 67.19 | -20.72 | 27.04 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 94.36 | 648.89 | 251.83 |
| 21Q2 (7) | 1.63 | 196.36 | 0.62 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.06 | 100.0 | -40.0 | 0.00 | 0 | 0 | 84.75 | 26.68 | 91.61 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 12.60 | -45.45 | 36.81 |
| 21Q1 (6) | 0.55 | -45.54 | 151.89 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.03 | -40.0 | 175.0 | 0.00 | 0 | 0 | 66.90 | 6.73 | 111.11 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 23.10 | 57.89 | 221.32 |
| 20Q4 (5) | 1.01 | 140.48 | 941.67 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 0.05 | 66.67 | 0 | 0.00 | 0 | 0 | 62.68 | 18.51 | 53.33 | 0.00 | 0 | 0 | 0.00 | 0 | 0 | 14.63 | -45.45 | -91.36 |
| 20Q3 (4) | 0.42 | -74.07 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.03 | -70.0 | 0.0 | 0.00 | 0 | 0.0 | 52.89 | 19.58 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 26.82 | 191.21 | 0.0 |
| 20Q2 (3) | 1.62 | 252.83 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.10 | 350.0 | 0.0 | 0.00 | 0 | 0.0 | 44.23 | 39.57 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 9.21 | 148.37 | 0.0 |
| 20Q1 (2) | -1.06 | -783.33 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | -0.04 | 0 | 0.0 | 0.00 | 0 | 0.0 | 31.69 | -22.48 | 0.0 | 0.00 | 0 | 0.0 | 0.00 | 0 | 0.0 | -19.04 | -111.24 | 0.0 |
| 19Q4 (1) | -0.12 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 40.88 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 169.38 | 0.0 | 0.0 |
| EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 3.18 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.17 | 1600.0 | 0.00 | 0 | 34.80 | 20.33 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 17.20 | -95.25 |
| 2022 (9) | -0.84 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.01 | -92.86 | 0.00 | 0 | 28.92 | -62.79 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 361.83 | 1616.46 |
| 2021 (8) | 2.79 | 40.91 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.14 | 7.69 | 0.00 | 0 | 77.72 | 23.99 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 21.08 | -9.29 |
| 2020 (7) | 1.98 | 247.37 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.13 | 85.71 | 0.00 | 0 | 62.68 | 53.33 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 23.24 | -42.48 |
| 2019 (6) | 0.57 | -71.64 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.07 | -12.5 | 0.00 | 0 | 40.88 | 35.54 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 40.40 | -2.79 |
| 2018 (5) | 2.01 | 240.68 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | 0.0 | 0.00 | 0 | 30.16 | -54.13 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 41.56 | 3.05 |
| 2017 (4) | 0.59 | -35.16 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.08 | -11.11 | 0.00 | 0 | 65.75 | 56.44 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 40.33 | 22.88 |
| 2016 (3) | 0.91 | 600.0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.09 | 50.0 | 0.00 | 0 | 42.03 | -5.36 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 32.82 | -47.31 |
| 2015 (2) | 0.13 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.06 | 50.0 | 0.00 | 0 | 44.41 | 43.68 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 62.29 | -38.94 |
| 2014 (1) | -0.15 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.04 | -20.0 | 0.00 | 0 | 30.91 | -25.03 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 102.01 | 33.47 |
